Mr. Ed Sibley:

I think it is important to distinguish between owner-occupiers and buy-to-let arrangements in terms of the level of protections. Clearly, we are talking about investment properties. The right to appoint rent receivers is in many of the bank contracts and has been exercised by the banks on rental properties already to a significant degree. We can argue the wrongs and rights of it but the ability to appoint a rent receiver is stitched into the majority of buy-to-let lending arrangements. It does not apply to all banks.